Certificate Of Discharge Form With Annexes A-1 And A-2 In Chicago

• Category: Federal - IRS - Tax Liens
• State: Multi-State
• City: Chicago
• Control #: US-00110
• Format: Word; Rich Text

Description

The Certificate of Discharge Form with Annexes A-1 and A-2 in Chicago is a legal document that allows a taxpayer to request the release of property from a federal tax lien under section 6325 of the Internal Revenue Code. To complete the form, applicants need to provide detailed information about the property, the taxpayer, existing encumbrances, and the value of the property. Specifically, the form requires a thorough description of the property, documentation of any liens, details of encumbrances with priority over the tax lien, and an estimate of costs related to the property transaction. Attaching supporting documents such as notices of federal tax lien and appraisals is also necessary. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property transactions where a tax lien may be hindering the sale or transfer of property. Legal professionals must ensure that all provided information is accurate, as the District Director will review the application to determine eligibility for discharge. Success in obtaining a certificate can greatly facilitate real estate transactions and resolve tax-related issues for clients.